EXULTANT MINING LIMITED
ASX:10XMaterialsToday’s holders own 82.4% of what they think they own, once every option and right converts.
Runway 2–4 quarters; options/rights overhang 21% of shares; 1 cash raise in 24 months
EXULTANT MINING LIMITED's ordinary share count stood at 37M as of September 2026, unchanged since February 2026, its two share-count filings to date. The company raised A$5.0M in total through one capital event in the past 24 months, an Initial Public Offering in December 2025. Options and rights outstanding could convert into 8M new shares, representing a 21.4% overhang on current shares; none are in the money, and the nearest expiry is December 2028. The company reported 2 to 4 quarters of funding at the recent spend rate as of its September 2026 quarter. No proposed securities issues are pending.
Quick answers · 4
When did 10X last raise capital?
The last capital raise in Exultant Mining's filings is Initial Public Offering of $5.0M announced 11 Dec 2025, one of 1 cash raises in 24 months.
How much cash does 10X have?
In its quarterly cash report for the quarter ended 30 Sept 2026, Exultant Mining reported $2.7M of cash and estimated 3.5 quarters of funding available at its current rate of spending. That is the company's own estimate.
When do 10X's options expire?
Unexercised options and rights equal 21.4% of Exultant Mining's shares on issue; the nearest expiry is Dec 2028.
How much has 10X's share count grown?
Exultant Mining has 37.4M shares on issue as at 28 Oct 2026, up 0.0% over 24 months according to its Appendix 2A filings.
Shares on issue — last 2 years
Cash runway
Issuance timeline
Latest 3 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)
| Date | Form | Security | On issue, per this filing | Source |
|---|---|---|---|---|
| 7 Sept 2026 | 2A · quoted issue | 10X : ORDINARY FULLY PAID | 28.2M | Appendix 2A |
| 11 Feb 2026 | 2A · quoted issue | 10X : ORDINARY FULLY PAID | 27.3M | Appendix 2A |
| 3 Feb 2026 | 3G · unquoted | 10X : ORDINARY FULLY PAID | 27.1M | Appendix 3G |
Each filing states the count for the security it names, as at its own reference date and in the units of that filing — so the newest row (28.2M) need not equal the current count above (37.4M).
Securities on issue over time
Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.
Capital raises
1 cash raise in the last 24 months · 1 in the last 12 months
Forward supply
Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.
Placement capacity
How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.
Pending proposed issues
Options & convertible securities
- Price-triggered7.0M · 18.7% of sharesOptions and warrants — they convert when the share price clears their exercise price.No exercise price is on record for any of it, so none of it can be called in or out of the money.
- Condition-triggered1.0M · 2.7% of sharesPerformance and incentive rights — they convert when a hurdle is met, not at a price, and can lapse to nothing.
Exercise price on record: 0 priced, 8.0M where the filing never states one. A security with no exercise price is never counted in the money — nothing is paid to convert it, so there is no price for it to be above.
Each figure is the filing’s own count of securities, not a share count — a 2A never states what one security converts into.
No option supply on record carries an exercise price to pay, so no share price switches any of it on. All 8.0M of it converts on something else — a hurdle that may never be met, or terms the filing does not price.
| Code | Security | Type | Exercise price | Expiry | On issue | Source |
|---|---|---|---|---|---|---|
| 10XAC | Options | Price-triggered, no exercise price stated | — | 9 Dec 2028 | 7.0M | Filing |
| 10XAD | Performance rights | Condition-triggered | — | — | 1.0M | Filing |
“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column. For what expires soon across other listed companies, see the options expiry calendar.
Director dealings
| Date | Director | Type | Shares | Options | Other | Value | Source |
|---|---|---|---|---|---|---|---|
| 7 May 2026 | Brett Grosvenor | Buy on-market | 150k | 750k | — | $28k | 3Y notice |
| 4 May 2026 | Brett Grosvenor | Buy on-market | 100k | — | — | $17k | 3Y notice |
| 14 Apr 2026 | Brett Grosvenor | Buy on-market | 150k | 750k | — | $28k | 3Y notice |
Ownership
Latest announcements
Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.